On October 24th, Ming-Chi Kuo, an analyst at TF International Securities, updated his research and predictions regarding Tesla. He indicated that Tesla’s more affordable new model, referred to as the Model 2, may not enter mass production until the second half of 2025. Additionally, an updated version of the Model Y is expected to begin mass production in the first quarter of 2025.

Tesla’s Shanghai Factory Enters a “New Model Phase”

Rumors have circulated that Tesla’s Shanghai factory is about to enter a “new model phase,” hinting that an updated Model Y may be imminent. In September, blogger S.E. Robinson shared photos on social media of a camouflaged Tesla Model Y updated version spotted in Palo Alto, California. Although Tesla has not officially announced this mid-cycle refresh, an increasing number of eyewitness reports have mentioned seeing test vehicles.

Elon Musk’s Emphasis on Affordable Electric Vehicles

Following the financial results announcement this morning, Tesla CEO Elon Musk reiterated the company’s plan to launch a “more affordable” electric vehicle by the first half of 2025. He emphasized that Tesla’s affordable electric vehicles will not lack autonomous driving technology, stating that a conventional $25,000 electric car would be “pointless.”

A Focus on Innovation and Value

Tesla continues to push the boundaries of electric vehicle technology and affordability. The anticipated Model 2 is expected to be a more budget-friendly option, targeting a wider audience and further solidifying Tesla’s position in the electric vehicle market. The updated Model Y is likely to bring new features and improvements, enhancing the overall driving experience for Tesla’s customers.

Stay Tuned for Official Announcements

While Tesla has not yet made any official announcements regarding these models, the anticipation is building. The electric vehicle community eagerly awaits more details on the Model 2 and the updated Model Y, as these vehicles are set to shape the future of sustainable transportation.